High-tech security proved a big selling point for Los Angeles County’s top home under contract last week.
The home at 24200 Hidden Ridge Road in Hidden Hills, listed at $23.5 million, topped out last week’s contracts as tallied by Douglas Elliman’s Eklund Gomes team. The Eklund Weekly Luxury Report Los Angeles rounds up homes and condos listed at $4 million or more in the MLS.
Douglas Elliman’s Marc Shevin and Hanna Shevin have the listing on Hidden Ridge Road.
The property hit the market in mid-October and last traded in 2016 for $14.6 million. Property records and published reports show the owner is Richard Gonzalez, the chair of Chicago-based drugmaker AbbVie.
With more than 15,000 square feet, the home sits on a nearly 2-acre lot. It counts six beds and 10 baths. Amenities include a wine cellar, theater, gym, game room, elevator and 10-car garage.
It’s heavy on safety with a camera recording system, touchpad security and safe room within a gated community.
A five-bed, seven-bath home at 607 North Roxbury Drive in the Beverly Hills Flats neighborhood came in second among last week’s top contracts. The Mediterranean-style residence has a list price of $12.4 million.
Kathy Javor and Thomas Javor paid $6 million for the property in 2013, property records show. Title later transferred to Kathy after the couple divorced, court records show.
Engel & Voelkers’ Jaime Geffen has the listing.
The Flats home hit the market in mid-September. All bedrooms are en suite, with the property also touting a pool, spa and BBQ area.
Across L.A. County, 17 homes went into contract last week, equating to $123.6 million in asking dollar volume. Those contracts reflected an average of 100 days on market with an average asking price of $1,368 per square foot.
Eklund Gomes California Managing Director Marcy Roth pointed out two homes were a drag on the average, with triple-digit days on market.
A little more than half of those homes under contract, or nine properties, averaged 25 days on market, which Roth suggested offered a better read of how quickly trades are occurring.
“It appears that contrary to what the average days on market may be indicating at first glance, we are seeing properties moving at a pretty robust pace, when appropriately priced,” Roth said.
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